Tuesday, April 15, 2014

Ahead of Economic Data Releases Chinese, Asian markets mixed

Major stock indexes fluctuate Asian or mixed in early trading Wednesday, April 16, 2014 ahead of the release of economic data of China ( China ) .

As quoted from the pages of CNBC , the benchmark in the Australian market , the S & P ASX 200 moving up moderately in early trading this morning . Australian stock futures rose 0.2 percent to 5,386 , little changed from the closing index on Tuesday .

Meanwhile , trading in the Japanese stock futures fell after rising 0.6 percent at the close of trading on Tuesday . Osaka futures edged down 0.1 percent at 14,010 , but higher than the Nikkei index at the previous closing .
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China is known to release data on gross domestic product ( GDP ) on this day . Analysts polled by Reuters expect China's economic growth in the first quarter of this year is only 7.3 percent, the slowest growth in five years . In the last quarter of last year , China's economy grew 7.7 percent .

In recent days , Beijing officials have publicly ruled out the possibility of monetary stimulus measures to be taken to combat the slowing economic growth .

The main U.S. stock indexes rose at the close of New York trading Tuesday . Having previously had gained 99 points and down 110 points , the Dow Jones Industrial Average closed at 16262.56 , up 89.32 points ( 0.6 percent ) . Blue-chip stocks Coca - Cola and Johnson & Johnson reap the greatest advantage of the 30 major components of the Dow Jones index .

The S & P 500 added 12.37 points ( 0.7 percent ) to a level of 1842.98 with tech stocks the biggest benefit of the 10 main industries in the S & P 500 . Nasdaq composite index rose 11.47 points ( 0.3 percent ) to a level of 4034.16 , or the highest level since April 1, 2009.

Strengthening these shares due to investors are satisfied with a positive financial report of Coca -Cola Co. and Johnson & Johnson who beat fears of worsening tensions in Ukraine .

For the Asian market , the Nikkei reports that the Japanese Cabinet Office plans to reduce its economic assessment in April report could weigh on the Japanese stock market .


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